At the end of the administration of a trust, the title company required the trustee to open a probate and obtain letters of personal representative before closing. This is the second matter in as many months where DeAngelis Legal has had to deal with simple mistakes that caused significant delays and additional expenses in trust [...]
Trustee of a large estate identified a small investment account that was not transferred to the decedent’s revocable trust during his lifetime (mistake #1). Unfortunately, while making a copy of his will prior to his death the decedent had mixed the pages of the original and the copy (mistake 2), so while we had the [...]
Telecommunication client reviewed and updated its form agreement with vendors. DeAngelis Legal reviewed and revised the agreement. As part of its review, DeAngelis Legal reviewed the client’s master agreement with significant customers, interviewed operations personnel to identify issues and reviewed feedback from vendors and modified the agreement. The result being an agreement that more accurately [...]
A recently re-married Scottsdale client desired to define the financial relationship with their spouse. DeAngelis Legal met with the client identifying common issues and solutions and drafted a comprehensive agreement addressing issues such as the waiver of community property laws, the waiver of the obligation to provide support, restricting gifts and joint debts, and providing [...]
A new Arizona resident desired to move their real estate business to Arizona from out of state. DeAngelis Legal worked with the client to evaluate alternative business structures, balancing income tax, estate tax and liability concerns. DeAngelis Legal drafted the new entities, domesticated entities from their home state and authorized other entities to do business [...]
Why do we spend so much time and energy on updating corporate records? Soon after the entity is created, business owners move on to growing their business and often fail to pay attention to the details of maintaining proper corporate records. As a non-priority item, these tasks get pushed down and forgotten until an event [...]
A long-time Scottsdale closely held business owner desired to purchase a family member’s minority interest in the business. DeAngelis Legal worked with the buyer to evaluate alternatives and prepare the documents to evidence the transaction. The documents included an interest purchase agreement, promissory note, consent of the other members, assignment of interest and amendments to [...]
During the review and update of a new high net-worth Scottsdale couple’s estate plan, DeAngelis Legal identified a potentially large estate tax obligation caused by life insurance owned by the couple. DeAngelis Legal worked with the couple and their insurance advisor to identify and evaluate alternatives, which included an evaluation of how much life insurance [...]
DeAngelis Legal, LLC acts as Statutory Agent for entities created or authorized in Arizona, as an add-on service to clients. This way we will get notice before any adverse action against the entity. In preparation for our move, we updated the Statutory Agent and address of over 100 entities in Arizona with the Arizona Corporation [...]
Reviewed corporate structure and current documents of a Scottsdale client with entities throughout the United States. DeAngelis Legal reviewed the current corporate records and determined that the documents didn’t match the structure the client believed they had, a potential for a rats nest of issues upon incapacity, death or IRS audit. DeAngelis Legal corrected the [...]
